Another weekend of fast action.
Lehman Brothers (NYSE:
LEH) goes under along
Merrill Lynch (NYSE:
MER),
American International Group (NYSE:
AIG) seeks capital.
Bank of America (NYSE:
BAC) take over of Merrill feels somewhat better to me.
Freddie Mac (
FRE:
Quote,
Profile ,
Research) and
Fannie Mae (
FNM:
Quote,
Profile,
Research) government takeover is still fresh - one may ask: where are we heading? Or when it comes to Chinese equities, where is the bottom? Finding clues where Chinese stocks are heading today from Asian trading is not going to work. Public holiday closed down China's main exchanges on Monday.
Chinavestor Blog
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